Key Points
- Director Richard Kyle sold 15,837 shares of Timken at an average price of $81.03 on Nov. 25, generating about $1.28 million and reducing his stake by 5.60% to 266,942 shares (≈$21.63 million).
- Timken declared a quarterly dividend of $0.35 payable Dec. 5 (ex-dividend Nov. 25), equal to a $1.40 annualized payout and a 1.7% yield with a 33.1% payout ratio.
- The company beat quarterly estimates with $1.37 EPS (vs. $1.25 est.) and $1.16B revenue, set FY2025 guidance of $5.20–$5.30 EPS, and analysts project about $5.62 EPS for the year.
Timken Company (The) (NYSE:TKR - Get Free Report) Director Richard Kyle sold 15,837 shares of the company's stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $81.03, for a total value of $1,283,272.11. Following the completion of the transaction, the director directly owned 266,942 shares of the company's stock, valued at approximately $21,630,310.26. This represents a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Timken Stock Performance
Shares of Timken stock opened at $81.45 on Thursday. The business's fifty day simple moving average is $76.59 and its 200 day simple moving average is $75.56. The company has a current ratio of 3.11, a quick ratio of 1.72 and a debt-to-equity ratio of 0.63. Timken Company has a 12 month low of $56.20 and a 12 month high of $84.43. The firm has a market capitalization of $5.67 billion, a P/E ratio of 19.26, a price-to-earnings-growth ratio of 1.74 and a beta of 1.31.
Timken (NYSE:TKR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.12. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.12 billion. Timken had a return on equity of 11.88% and a net margin of 6.54%.The business's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.23 EPS. Timken has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, analysts anticipate that Timken Company will post 5.62 EPS for the current year.
Timken Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Tuesday, November 25th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, November 25th. Timken's payout ratio is presently 33.10%.
Institutional Trading of Timken
Large investors have recently modified their holdings of the business. Cetera Investment Advisers raised its holdings in shares of Timken by 20.3% during the 1st quarter. Cetera Investment Advisers now owns 7,264 shares of the industrial products company's stock valued at $522,000 after buying an additional 1,224 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Timken by 23.5% in the 1st quarter. LPL Financial LLC now owns 19,133 shares of the industrial products company's stock worth $1,375,000 after acquiring an additional 3,640 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Timken by 11.7% in the 1st quarter. Mackenzie Financial Corp now owns 7,975 shares of the industrial products company's stock valued at $573,000 after purchasing an additional 835 shares in the last quarter. Cozad Asset Management Inc. grew its holdings in shares of Timken by 4.5% during the 1st quarter. Cozad Asset Management Inc. now owns 30,702 shares of the industrial products company's stock valued at $2,207,000 after purchasing an additional 1,332 shares during the last quarter. Finally, Natixis Advisors LLC lifted its stake in Timken by 24.7% in the first quarter. Natixis Advisors LLC now owns 41,994 shares of the industrial products company's stock worth $3,018,000 after purchasing an additional 8,315 shares during the last quarter. Institutional investors own 89.08% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on TKR shares. Citigroup raised their price target on shares of Timken from $85.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. raised their target price on Timken from $80.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, October 30th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Timken in a research note on Wednesday, October 8th. Evercore ISI set a $84.00 price objective on shares of Timken and gave the company an "outperform" rating in a report on Tuesday, August 19th. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $88.00 price objective on shares of Timken in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Timken presently has a consensus rating of "Hold" and a consensus target price of $82.20.
Read Our Latest Report on TKR
About Timken
(
Get Free Report)
The Timken Company designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings.
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